Mara has covered digital-asset markets for a decade, with a focus on liquidity, derivatives structure and the plumbing that moves price. She reads order books the way others read tea leaves.
Recent publications
Spot Bitcoin ETFs log record weekly inflows as basis trade widens
Institutional demand returned in force this week, with regulated spot Bitcoin vehicles absorbing more supply than miners produced as the basis trade widened — a quiet but structural shift.
Stablecoin settlement volume overtakes a major card network on-chain
Adjusted for wash and bot activity, dollar-pegged tokens are now clearing genuine payment volume at a scale that is hard to dismiss as a niche, on-chain settlement rivalling a major card network.
Mining difficulty hits an all-time high as hashrate migrates to cheaper power
Bitcoin's network has never been harder to mine. Behind the record difficulty sits a geographic reshuffle of hashrate toward stranded and renewable power.
Bitcoin miners diversify into AI data centers
Facing tight margins, several large bitcoin miners are repurposing their power and sites to host AI compute, chasing steadier revenue than block rewards alone provide.
Memecoin volume cools after a frothy quarter
Speculative memecoin trading has cooled sharply from its peak, a familiar pattern as attention and liquidity rotate elsewhere.
US spot ETH ETFs see first month of net inflows
After a slow start, US spot Ether ETFs have recorded their first full month of net inflows, a sign demand may be broadening beyond Bitcoin.
Crypto market cap reclaims $3.5 trillion
Total crypto market capitalisation has climbed back above $3.5 trillion, led by Bitcoin and a firmer bid across large caps.